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According to reports, Masterpiece Fair have sold 67.5% of their shares in the event to MCH group in Switzerland; the remaining shares being divided between the three founders of the annual show which is staged in London.

Perhaps MCH should open a version of the fair in Geneva, and call it Master-tax-hide? 

 

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MCH Group, the parent company of Art Basel, has acquired a majority stake (67.5%) in Masterpiece London, the latest in its rapidly expanding portfolio of art fairs. The art, antiques and design fair is the first London event and first cross-discipline fair to be bought by the Basel-based company, which has until now focused on Modern and contemporary art. 

Masterpiece will now become one of what MCH calls the four pillars of MCH's "Global Collector Events Strategy”, alongside the three existing Art Basel fairs, the MCH Design and Regional Art Fairs (including Art Dusseldorf and the India Art Fair) and the newly launched car fair, Grand Basel.

To read more:

http://theartnewspaper.com/news/masterpiece-london-to-expand-internationally-as-mch-group-buys-majority-stake

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To read more:

*  Swiss Business Ethics? Are you sure.....

*  Master Swag: The heist is the highlight of doldrums show

 

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AAD REPORTS

AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com